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Incubation

We are supporting startups at early stages of their formation and developing, by using international experience of our mentors.

Hadoop user group meeting to be held in Azerbaijan

On March 10, 2019, the INNOLAND Incubation and Acceleration Center together with the Tech Academy will hold a meeting of the Hadoop user group in Azerbaijan.

Participation in the discussion of well-known foreign and local experts will focus on the application of Big Data Technologies, stages of Data Analytics and many other important issues.

Speakers of the event will be Abzetdin Adamov, Head of Data Analytics Center ADA University, Zekeriya Beşiroglu, Big Data Analyst at KOMTAŞ Information Management Center in Turkey, the Head of the Oracle Users Group and the winner of the “Oracle ACE Director” award.

"INNOLAND" and "Yeni Fikir" have signed a memorandum of cooperation

On March 17, memorandum of understanding signed between "Innovations Center" LLC (INNOLAND), which is subordinate to the State Agency for Citizens Service and Social Innovations under the President of The Republic of Azerbaijan, and “Yeni Fikir” LLC. The purpose of the Memorandum is to support entrepreneurship ecosystems for technological startups in our country and in the regions of Azerbaijan and to implement a high-level partnership that serves the needs of emerging (or other) technology entrepreneurs.

The document, along with the formation and development of technology entrepreneurship, also reflects cooperation issues related to the strengthening of business initiatives. Thus, the content of the Memorandum reflects the factors that are being estimated for the establishment and development of innovation ecosystems in our country, as well as business initiatives.

"Innovations Center" LLC (INNOLAND) cooperates with local and international organizations in accordance with the strategy of the development of innovation ecosystem in our country and in the region, as well as for the development of technology entrepreneurship (startups). As one of such organizations, "Yeni Fikir" LLC is one of the companies operating in the intellectual sector in Azerbaijan and having a specific role in the formation of startup culture.

Thus, the "Yeni Fikir" startup competition, which was held for the sixth time this year, is being implemented by "Yeni Fikir" LLC, sponsored by BP, the Baku Engineering University. The company "Yeni Fikir" cooperates with "Innovations Center" LLC (INNOLAND) in organizing the same startup competition. Five startup projects that will win the competition.

The development of five startup projects that will win the competition will also be supported at the Innoland Incubation and Acceleration Center.

The seed round investment made into the Nextsale and Whelp startups

In "INNOLAND" Incubation and Acceleration Center the seed round investment made into the "Nextsale" and "Whelp" startups, participants of the winter acceleration program of the SUP "Startap Accelerator.

The investment in these startups was implemented jointly by the "Azfinans" Investment Company, the "Next Step" Innovation Center and Khazar Ventures.

An online platform in the financial field that provides additional features based on customer data analysis

https://onepoint.az

AI-based business messenger to connect with customers everywhere: live chat, phone, email, and social

https://getwhelp.com/

Botbox is a platform for small and medium-sized businesses to seamlessly assist customers and automate business processes through the most popular messaging apps.

https://www.botboxpro.com/

Other news

As part of the “Explore & Connect” project by the “CAVAN” youth movement, an info tour was organized at “INNOLAND"

As part of the “Explore & Connect” project by the “CAVAN” youth movement, an info tour was organized at “INNOLAND.”

First, the participants were introduced to the center and our resident “iLab.” Afterwards, they got acquainted with the innovative startups operating in the center and learned more about their working principles and projects.

INNOLAND resident startup "E-Legal" successfully executed an exit!

"E-Legal," a startup distinguished by its unique approach in Azerbaijan’s legal technology sector and a resident of the INNOLAND Incubation and Acceleration Center, has successfully exited in the United States!

Founded by Samaya Habibova, "E-Legal" digitalizes legal services by offering users contract preparation, automation of legal documents, and online consultation. In 2023, a 10-year agreement was signed between "E-Legal" and "ASAN Service." Under this agreement, digital legal service kiosks are planned to be installed in 29 "ASAN Service" centers across the country.

We congratulate the "E-Legal" team and wish them even greater success in the future!

Meeting on “Special Regulatory Regime” for Fintech Startups Held

Meeting on “Special Regulatory Regime” for Fintech Startups Held

A meeting on the “Special Regulatory Regime,” which is of significant importance for the fintech ecosystem, was successfully held with the joint organization of the Central Bank of the Republic of Azerbaijan and the INNOLAND Incubation and Acceleration Center.

During the presentation, detailed information was provided on the purpose of the special regulatory regime, evaluation criteria for applications, and the pilot process, followed by extensive discussions in this direction. The session was both informative and practically useful for startups operating in the fintech sector.

Speakers:
• Sahib Hasanov– Head of Department, Central Bank of the Republic of Azerbaijan
• Vagif Guliyev– Senior Specialist, Central Bank of the Republic of Azerbaijan

The meeting included extensive discussions on existing opportunities for the fintech ecosystem, regulatory requirements, innovation regulation, and future cooperation prospects. A Q&A session was also organized for participants, during which current issues in the field were explained in detail.